Seed Group and Phinsys partner to enhance financial & regulatory compliance in UAE insurance sector

Phinsys, a finance automation software provider for the re/insurance industry, has partnered with Dubai-based multinational conglomerate, the Seed Group, to accelerate financial and regulatory compliance operations in the UAE, and broader MENA region’s, insurance sector.

Phinsys, a UK-based firm, brings to this collaboration its expertise in advancing the insurance sector by automating manual procedures, lowering operational risks, and raising decision-making with precise, real-time data.

Designed for highly regulated industries, Phinsys’ suite of technologies offers a comprehensive approach to tackling complex challenges.

From financial reporting and insightful data analytics to regulatory compliance solutions, their tools aim to help businesses navigate the varied issues faced by highly regulated industries.

Seed Group, a company of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, facilitates the entry of global companies into the MENA region.

Phinsys already has an office in the Dubai International Financial Centre. According to the announcement, this new relationship with Seed Group will enhance their regional expertise, presence and credibility, particularly among key decision-makers in both government and private industry.

Hisham Al Gurg, the CEO of Seed Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, talked about the significance of this innovative cooperation. He stated: “Collaborating with a leading provider of finance automation solutions for the re/insurance sector like Phinsys is a strategic step towards enhancing compliance systems.

“This partnership will be invaluable for technology-driven start-up insurers and niche providers in the broader MENA region. They will particularly overcome data challenges from legacy systems and advance digital finance transformation. Phinsys’ adaptable data model supports extensive reporting needs, including organisational, regulatory, and statutory requirements globally — and now, for regional clients.”

Commenting on the collaboration, Richard Tyler, CEO of Phinsys, said: “We are thrilled to partner with Seed Group to bring our cutting-edge financial automation and regulatory compliance solutions to the UAE and the wider MENA region.

“This partnership represents a significant milestone in our journey to empower insurers with the tools they need to navigate an increasingly complex regulatory landscape and improve financial control.”

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